Expeditors International of Washington, Inc. (NASDAQ:EXPD) Holdings Raised by Intech Investment Management LLC

Intech Investment Management LLC grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 168.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,872 shares of the transportation company’s stock after purchasing an additional 6,816 shares during the period. Intech Investment Management LLC’s holdings in Expeditors International of Washington were worth $1,204,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EXPD. SRS Capital Advisors Inc. lifted its holdings in shares of Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Expeditors International of Washington during the fourth quarter valued at $39,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Expeditors International of Washington during the third quarter valued at $57,000. Intact Investment Management Inc. purchased a new stake in shares of Expeditors International of Washington during the fourth quarter valued at $66,000. Finally, Asset Dedication LLC lifted its holdings in shares of Expeditors International of Washington by 339.9% during the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 503 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $116.19 on Friday. The firm has a market cap of $16.04 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 5.00 and a beta of 1.00. The business’s 50-day simple moving average is $114.97 and its 200-day simple moving average is $117.97. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EXPD shares. Truist Financial started coverage on Expeditors International of Washington in a research report on Thursday, March 13th. They set a “hold” rating and a $110.00 price target on the stock. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Finally, UBS Group dropped their price target on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $115.90.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, the vice president now owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.